Big US-listed gold miners have shed one-fifth of their market value this year as a strengthening dollar and a rise in bond yields from 2020 lows dented the price of the precious metal.
The New York Stock Exchange Gold Bugs index has tumbled 20 per cent since the end of last year to the lowest level since April 2020, badly lagging behind the 11 per cent gain for the broad MSCI All-World share market barometer.
Gold has fallen 14 per cent since it hit a record of more than $2,000 a troy ounce last August.
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